| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the limited liability entity tax. |
| Bill Documents |
Bill
|
| Bill Request Number | 1729 |
| Sponsor | R. Nelson |
| Summary of Original Version | Amend KRS 141.0402 to remove the $175 minimum tax liability for the limited liability entity tax (LLET), and to provide that for any corporation or limited liability pass-through entity with gross receipts or gross profits of less than $6,000,000 the LLET liability shall be reduced to zero for taxable years beginning on and after January 1, 2015. |
| Index Headings of Original Version |
Corporations - Limited liability entity tax, remove minimum tax and reduce liability for certain businesses Effective Dates, Delayed - Limited liability entity tax, minimum tax and liabilities, tax years beginning January 1, 2015 Taxation - Limited liability entity tax, remove minimum tax and reduce liability for certain businesses Taxation, Income--Corporate - Limited liability entity tax, remove minimum tax and reduce liability for certain businesses Taxation, Income--Individual - Limited liability entity tax, remove minimum tax and reduce liability for certain businesses |
| 03/04/14 |
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|---|---|
| 03/05/14 |
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Last updated: 8/27/2019 6:52 PM (EDT)